<SUBMISSION>
<ACCESSION-NUMBER>0000950144-08-002465
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20080327
<ITEMS>4.02
<FILING-DATE>20080331
<DATE-OF-FILING-DATE-CHANGE>20080331
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>180 Connect Inc.
<CIK>0001323639
<ASSIGNED-SIC>1731
<IRS-NUMBER>202650200
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-33670
<FILM-NUMBER>08724948
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>6501 EAST BELLEVIEW
<CITY>ENGLEWOOD
<STATE>CO
<ZIP>80111
<PHONE>303-395-6001
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>6501 EAST BELLEVIEW
<CITY>ENGLEWOOD
<STATE>CO
<ZIP>80111
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>Ad.Venture Partners, Inc.
<DATE-CHANGED>20050413
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>g12576e8vk.htm
<DESCRIPTION>180 CONNECT INC.
<TEXT>
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<TITLE>180 Connect Inc.</TITLE>
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<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>
Date of Report (Date of earliest event reported): March&nbsp;27, 2008</B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>180 CONNECT INC.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">
(Exact name of registrant as specified in its charter)</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
<B>Delaware</B><BR>

(State or other jurisdiction of incorporation)</DIV>


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    <TD align="center" valign="top"><B>00133670</B><BR>
(Commission File No.)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>20-2650200</B><BR>
(IRS Employer Identification No.)</TD>
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<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
<B>6501 E. Belleview Avenue<BR>

Englewood, Colorado 80111</B><BR>

(Address of principal executive offices) (Zip Code)</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
Registrant&#146;s telephone number, including area code <B>(303)&nbsp;395-6000</B></DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):</DIV>

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    <TD>Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)
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    <TD>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)
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    <TD>Pre-commencement communications pursuant to
Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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    <TD>Pre-commencement communications pursuant to
Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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</DIV>


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    <TD nowrap align="left"><B>Item&nbsp;4.02</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or
Completed Interim Review.</B></TD>
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</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On March&nbsp;27, 2008, the officers of 180 Connect Inc. (the &#147;Company&#148;), in consultation with the audit
committee of its board of directors and its independent registered public accounting firm, Ernst &#038;
Young LLP, determined that the previously issued Consolidated Balance Sheets as of June&nbsp;30, 2007
and as of December&nbsp;31, 2006 and the Unaudited Pro Forma Condensed Combined Balance Sheet as of
June&nbsp;30, 2007, each filed by the Company in the Current Report on Form 8-K filed on August&nbsp;30, 2007
and the Consolidated Balance Sheets as of September&nbsp;30, 2007 and as of December&nbsp;31, 2006 filed in
the Quarterly Report on Form 10-Q for the fiscal quarter ended September&nbsp;30, 2007, should no longer
be relied upon and will be required to be restated.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The restatements relate to the reclassification of the Company&#146;s revolving credit facility which
had previously been classified as long-term debt on each of the balance sheets as of September&nbsp;30,
2007, June&nbsp;30, 2007 and December&nbsp;31, 2006. Under the revolving credit facility, the Company&#146;s
lender requires a lockbox arrangement, which provides for all receipts to be swept daily to reduce
borrowings outstanding under the revolving credit facility. The Company then draws down under the
revolving credit facility as needed. This lockbox arrangement, combined with the existence of a
subjective acceleration clause in the revolving credit facility, requires that the borrowings under
the facility be classified as a current liability on the balance sheet in accordance with the
Financial Accounting Standards Board Emerging Issues Task Force Issue No.&nbsp;95-22, &#147;Balance Sheet
Classification of Borrowings Outstanding under Revolving Credit Agreements that Include Both a
Subjective Acceleration Clause and a Lock-Box Arrangement.&#148;</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">These restatements to reclassify certain amounts of long-term debt as current portion of long-term
debt had no impact on the amounts of total debt previously reported in the consolidated balance
sheets as of September&nbsp;30, 2007, June&nbsp;30, 2007 and December&nbsp;31, 2006, the amount of the net loss
and comprehensive loss reported in the consolidated statements of operations and comprehensive loss, and the statements of
shareholders&#146; equity and cash flows for each of the above noted periods. As a result of these
reclassifications, the current portion of long-term debt increased by $17,122,530, $28,346,647, and
$20,534,422 as of September&nbsp;30, 2007, June&nbsp;30, 2007 and December&nbsp;31, 2006, respectively, with a
corresponding decrease of the same amount to long-term debt for each of the respective periods.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Accordingly, the Company intends to file, as promptly as practicable, an amended Current Report on
Form 8-K and an amended Quarterly Report on Form 10-Q for the fiscal quarter ended September&nbsp;30,
2007 to restate the balance sheets included in the consolidated financial statements as of and for
the periods ended September&nbsp;30, 2007, June&nbsp;30, 2007 and for the fiscal year ended December&nbsp;31,
2006.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The consolidated balance sheets contained in the Company&#146;s Annual Report on Form 10-K for the fiscal year ended
December&nbsp;31, 2007, filed on March&nbsp;31, 2008, reflect the restated consolidated balance sheet included in the
consolidated financial statements as of and for the fiscal year ended December&nbsp;31, 2006.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The executive officers of the Company discussed with the Company&#146;s independent auditors the matters
disclosed in this Item&nbsp;4.02.</DIV>




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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned, hereto duly authorized.
</DIV>

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    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">180 CONNECT INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">     /s/ Steven Westberg
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Steven Westberg&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Chief Financial Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
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<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Dated: March&nbsp;31, 2008
</DIV>



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